I need a new set of balls.
I’m serious. It’s not from overuse. God knows that’s not the issue. It’s just that in about 95% of the cases where I’m upset with my trading, it’s because I violated my rules. Take today. Please!
Yes, I came into the day very short, but I was totally ham-handed with my gold trade. Specifically:
- I came into the day long January (I say again, JANUARY!!!!!!!) puts on GLD.
- They moved a LITTLE against me but violated nothing.
- Since I have defective balls (see above), I immediately dumped them for a small loss.
- The FOMC did its thing and gold went into a free-fall.
- I frantically bought DUST to try to make up for it. Gold began recovering.
- It moved against me. I dumped DUST at a nastier loss than the GLD puts.
- Gold then resumed a much more severe drop, sending DUST and my puts soaring.
Thus, I managed to multiple-dimensionally fuck up a gold trade. To be clear, this was a great day, but sweet baby Jesus, I am my own worst enemy.
